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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Statement of Comprehensive Income [Abstract]        
Consolidated net income $ 16,583 $ 1,795 $ 44,936 $ 17,365
Foreign currency translation losses, net of tax [1] (77) (94) (267) (672)
Unrealized gains (losses) on available-for-sale securities, net of tax [1] 20 1,054 (11) 671
Other comprehensive (loss) income (57) 960 (278) (1)
Consolidated comprehensive income 16,526 2,755 44,658 17,364
Less: Comprehensive loss attributable to noncontrolling interest (6) (4) (12) (69)
Comprehensive income attributable to Vicor Corporation $ 16,532 $ 2,759 $ 44,670 $ 17,433
[1] The deferred tax assets associated with foreign currency translation losses and unrealized gains (losses) on available-for-sale securities are completely offset by a tax valuation allowance as of September 30, 2023 and 2022. Therefore, there is no income tax benefit (provision) recognized for the three and nine months ended September 30, 2023 and 2022.